Featured in Material change – 03-2024

What’s in store for storage?

InfoLink’s global lithium ion battery supply chain database indicates that the energy storage market experienced a severe surplus and a growing price war in 2023. Despite these forces, market momentum is supporting relatively rapid expansion.

By

pv magazine

11 Mar 2024

The world gained 110 GWh of energy storage in 2023, up 149% from 2022. The scaling of demand in China, the United States, and Europe accounted for more than 90% of the global market.In China, several provinces are strengthening storage policies to stimulate growth in utility-based, front-of-the-meter (FTM) storage. In the world’s largest energy storage market, …

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